Trade groups representing practically every major automaker join forces to lobby Trump against next week’s parts tariffs
It’s not like automakers to get along, but tariffs make corporations do wild things.
In a letter to the Trump administration, six trade groups representing automakers including Ford, GM, and Toyota (along with virtually every other US major vehicle manufacturer except for the EV giants) urged the White House to rethink the upcoming 25% tariff on auto parts.
“We support more manufacturing and additional supply chains that run through the United States, but it is not possible to reroute global supply chains overnight or even in months. This will take time.”
The parts tariff, set to take effect on May 3, is expected to spike production costs for automakers — including those that were more shielded from previous auto and country tariffs. Many car companies have timed their discounts and price freezes to expire after it begins.
Earlier this month, President Trump hinted at issuing relief from his tariffs for automakers. Last year, the US imported $192 billion worth of auto parts.
“We support more manufacturing and additional supply chains that run through the United States, but it is not possible to reroute global supply chains overnight or even in months. This will take time.”
The parts tariff, set to take effect on May 3, is expected to spike production costs for automakers — including those that were more shielded from previous auto and country tariffs. Many car companies have timed their discounts and price freezes to expire after it begins.
Earlier this month, President Trump hinted at issuing relief from his tariffs for automakers. Last year, the US imported $192 billion worth of auto parts.
